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Product details
File Size: 5083 KB
Print Length: 528 pages
Publisher: NOLO; 14 edition (April 1, 2018)
Publication Date: April 1, 2018
Sold by: Amazon Digital Services LLC
Language: English
ASIN: B07BR5DFVC
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Quite good as an overview, but I found some serious errors. For example, the author says, on page 149, "Don't bother notifying your mortgage holder or your insurance company that you have placed your home in a living trust."Huh?The deed has to be transferred from your name to the trustee's name (which might still be you, "Jane Doe, Trustee for the Jane Doe Living Trust," instead of just "Jane Doe.")The problem is that the law considers Jane Doe the individual and Jane Doe trustee, to be different entities. Which means the mortgage company will learn that the property has changed hands, and theoretically could cause you more trouble than if you'd just done it the right way to begin with. Also, Jane Doe, Trustee, the new owner, won't necessarily be insured by your insurance policy if your insurer isn't informed of the change in deed.That makes this poor advice.As I'm not an attorney, I can't judge other advice in the book beyond the bits I know from experience. It seems to be a good overview to help you begin thinking/planning about how you might like to handle your estate, and what might be involved. By all means, though, don't rely entirely on the advice you read here. It might end up costing you.
This is the 4rth book I have read on Estate Planning, and it is by far and away the best. Covers wills, trusts, life insurance, lawyers, burial arrangements and health care. I liked the fact it directs you to other resources if more information is needed. Also presents many examples of what to do in different situations. Covers trusts in a more detailed manner than any of the other books I have read. This is the only book you really need if you are educating yourself on estate planning and trying to determine what needs to be done and how to do it.
Whether you are doing your own estate plan or consulting an attorney, this book will give you a clear picture of what's important to consider, how it all plays out, and what your options are. Very well written for lay persons.
Great book for reference while working with an estate planning attorney. Helps to ask the right questions and understand the finished documents.
Most books for the consumer fail when providing too much detail or, in the case of a product, so many technofeatures that only an engineer could appreciate them. This book strikes the balance between sufficient comprehensiveness to be a consumer's bible on estate planning without so much detail as to be overwhelming. And importantly, the author is truly as a consumer advocate--to minimize the need for you to use an attorney while recognizing at times, that is what is required. Certainly, reading this will make you a more informed consumer when you do consult an attorney, thereby reducing the number of those expensive hours you'll have to pay your friendly barrister.
For almost 40 years I have used the books from Nolo (formerly known as Nolo Press in Berkeley). They provide do-it-yourself books for many legal issues at a low cost (I filed my divorce papers without an attorney using their book). This one is extremely well-written and covers the primary issues regarding legal and financial issues regarding estates. Obviously if you are prodded into establishing a living trust, will, whatever after reading this book it will be worth it. A solid 5 stars!
I originally took this book out at the library. It was so good and helpful, that I ponied up for my own copy. There is a lot to consider in estate planning. This book touches all the bases. I've been impressed with the Nolo books in general. The one on being an executor/trustee is also really good, but that one I can just get the latest version at the library when I need it. Estate planning, though, is a long-term process for which I wanted a reference to refer back to time and again. No wonder there have been several editions of this book; it's really good.
I think most people know they should have a will, a living will (advanced directive or Medical Power of Attorney) and a Power of Attorney, but this book gives a lot of detail on those, as well as other instruments, related to end of life and death. It addresses different life scenarios such as disinteriting someone, unmarried partners, etc. And, it makes you think through issues like the impact on those you name, and potential (sometimes unintended) consequences of your decisions. I'm glad I purchased the book.
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